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Euro Technical Analysis: EUR/USD Breakout Snaps Back - What's Next?
EUR/USD has had a busy week, and really, this week’s price action has been an extension of what showed the week before. As panic was peaking the Monday before last, the US Dollar was showing considerable weakness. EUR/USD spiked up for its first test of 1.1000 since the opening weeks of 2024 trade, and that found sellers as price started to sink back. But the pullback from that remained moderate with support holding at 1.0900, keeping the door open for bulls as we came into this week. This then led into a few positive U.S. data reports, with PPI on Tuesday, CPI on Wednesday and then U.S. retail sales on Thursday, ... (full story)